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Starbucks Corp Bullish Moving Average Crossover Alert (SBUX)

By Amy Schwartz

Today, shares of Starbucks Corp (NASDAQ:SBUX) have crossed bullishly above their 10-day moving average of $55.95 on a volume of 2.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Starbucks Corp share prices have moved between a 52-week high of $61.94 and a 52-week low of $47.37 and are now trading 18% above that low price at $56.06 per share. The 200-day and 50-day moving averages have moved 0.04% lower and 0.62% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Starbucks Corp and will alert subscribers who have SBUX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses starbucks corp

Ticker(s): SBUX